LG Display (NYSE:LPL) Shares Gap Down on Disappointing Earnings

LG Display Co., Ltd. (NYSE:LPL) gapped down before the market opened on Friday following a dissappointing earnings announcement. The stock had previously closed at $5.33, but opened at $4.80. LG Display shares last traded at $4.7550, with a volume of 275,997 shares traded.

The electronics maker reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.17). LG Display had a return on equity of 3.26% and a net margin of 0.98%.

Wall Street Analysts Forecast Growth

LPL has been the subject of several recent research reports. Zacks Research raised shares of LG Display from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th. Weiss Ratings cut shares of LG Display from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen lowered shares of LG Display from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, LG Display currently has an average rating of “Reduce”.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Verdence Capital Advisors LLC grew its holdings in LG Display by 14.6% during the 3rd quarter. Verdence Capital Advisors LLC now owns 16,125 shares of the electronics maker’s stock worth $80,000 after acquiring an additional 2,060 shares in the last quarter. Plan A Wealth LLC increased its holdings in LG Display by 21.4% in the third quarter. Plan A Wealth LLC now owns 13,002 shares of the electronics maker’s stock valued at $68,000 after buying an additional 2,296 shares during the last quarter. Cetera Investment Advisers raised its stake in LG Display by 18.8% during the first quarter. Cetera Investment Advisers now owns 14,580 shares of the electronics maker’s stock valued at $57,000 after buying an additional 2,308 shares in the last quarter. CWM LLC lifted its holdings in LG Display by 14.4% during the 4th quarter. CWM LLC now owns 27,617 shares of the electronics maker’s stock worth $116,000 after buying an additional 3,469 shares during the last quarter. Finally, Inspire Investing LLC grew its position in shares of LG Display by 30.0% in the 1st quarter. Inspire Investing LLC now owns 20,153 shares of the electronics maker’s stock worth $78,000 after acquiring an additional 4,654 shares in the last quarter.

LG Display Stock Down 10.2%

The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.46 and a current ratio of 0.73. The firm has a market capitalization of $4.79 billion, a P/E ratio of 25.29 and a beta of 1.53. The stock has a fifty day moving average price of $4.29 and a two-hundred day moving average price of $4.35.

About LG Display

LG Display Co, Ltd., headquartered in Seoul, South Korea, is a global manufacturer of thin-film transistor liquid crystal display (TFT-LCD) and organic light-emitting diode (OLED) panels. The company designs and produces display solutions for a wide range of applications, including televisions, desktop monitors, notebook computers, tablets, smartphones, signage and automotive screens. Its product offerings span large-screen television modules, ultra-high definition monitors, flexible and transparent OLED displays, and specialized industrial panels.

LG Display operates a network of production facilities and research centers across Asia, including major manufacturing sites in Paju and Gumi, South Korea, as well as Wuhan, China.